Answers (2)

The most important document in a request for loan modification is your hardship letter. It states what has happened to cause you to need a modification - death, job loss, medical problems, new child, etc are all reasons for life change and modification. I have attached a link for an article on a company that is the Tampa Bay Business Journal has recommended. Despite what people say - I hear people say they have problems doing a modification themselves. They are offered forbearance or similar while representation may get you rate reduction and principle reduction too.

Hi PMW,Sorry to hear about the job loss. You should contact Wells Fargo and see what they say. The banks have many options available and new things are happening everyday. Sometimes they will give you a 'special forbearance' due to job loss. You might also seek the advice of a real estate attorney, but it's best to call the bank and make sure to ask about a forbearance as you can document your job loss.